Startup India

Know about Start-Up

Corporate Law - Know about Start-Up Start-up India has gained momentum since it was announced by Government of India in the year 2016. The initiative was focused on the growth of start-up business and to encourage innovation and design. Conditions for an eligible Start-up  Registered up to 10 years from the date of incorporation Is a private limited [&h...

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Important Registrations & Licenses for Setting Up of Startup

Corporate Law - A startup means a company that is still in the early stages of its business. A startup is a young company that has just started. Startups are usually small and are initially funded and managed by a handful of founders or a single person. These companies offer products or services that are currently not offered […]...

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Startup India Seed Fund Scheme (SISFS)

Corporate Law - STARTUP INDIA SEED FUND SCHEME (SISFS) OPERATIVE FROM 01ST JULY, 2021 AIM: The scheme aims to provide startups with financial assistance at their early stages such as proof of concept, prototyping, product trials, market entry and commercialization. Eligibility: A startup, recognized by DPIIT(Department for Promotion of Industry and Inter...

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How to Startup Business under Proprietorship form of entity

Corporate Law - Entrepreneurs are often confused on selecting the best form of the legal entity for their Startup Ventures. In this series, we will discuss in detail with the various forms of Structure with its benefits / limitations which will help Entrepreneurs in deciding for their startup legal form. In India, Entrepreneurs can conduct business in va...

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IPR & IP Management by Corporates & Startups

Corporate Law - What are intellectual property rights? Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. The most well-known types are copyrights, patents, trademarks, and trade secr...

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104 startups on boarded on Startup India Showcase Platform

Corporate Law - Startup India Showcase is an online discovery platform for the most promising startups of the country. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. Ecosystem stakeholders have evaluated, nurtured, and supported these startups.  These startups ...

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Initiatives under “Make in India” and “Startup” Programmes

Corporate Law - Ministry of Commerce & Industry Initiatives under “Make in India” and “Startup” Programmes; Make in India initiative focuses on 27 sectors under Make in India 2.0. ‘Startup India’ initiative generates more than 26000 employment in Tamil Nadu in three years Posted On: 23 JUL 2021 5:04PM by PIB Delhi ‘Make in India’ ...

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Number of startups recognized by DPIIT goes up to Fifty Thousand

Corporate Law - Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal Department for the Startup initiative. As on June 3, 2021, 50,000 startups across have been recognized as startups by DPIIT, of which 19,896 have been recognized since April 1, 2020....

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Shri Piyush Goyal launches Startup India Seed Fund Scheme

Corporate Law - Minister says the Startup India Seed Fund Scheme will Secure seed funding, Inspire innovation, Support transformative ideas, Facilitate implementation, and Start startup revolution;...

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States/UTs wise breakup of DPIIT recognized startups

Corporate Law - Since the launch of Startup India initiative, a total of 44,766 Startups have been recognized by DPIIT as on 14th March 2021.  States/UTs wise breakup of DPIIT recognized startups is at Annexure-I....

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TP- operating cost should be calculated by adjusting abnormal cost incurred on account of Start-up Company

HCL Technologies BPO Services Ltd Vs ACIT (ITAT Delhi) - In the case of HCL Technologies BPO Services Ltd vs. ACIT, ITAT has held that for transfer pricing only amount retained by associates from end user is to be taken into account for transfer pricing adjustment, and to adjust operating cost by excluding abnormal cost incurred on a/c of Startup Company ...

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Fast track mergers extended to Starts ups & other small companies

Notification No. G.S.R. 93(E) - (01/02/2021) - (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

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Startup India Seed Fund Scheme (SISFS) – Eligibility Criteria

Notification No. S.O. 414 (E). - (21/01/2021) - Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. SISFS shall provide financial assistance to startups via corpus of Rs. 945 Cro...

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Fall in collection of direct taxes is on expected lines: CBDT

NA - (07/06/2020) - There are reports in a certain section of media that the growth of direct taxes collection for the FY 2019-20 has fallen drastically and buoyancy of the direct tax collection as compared to the GDP growth has reached negative. These reports do not portray the correct picture regarding the growth of ...

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CBDT prescribes time-frame for handling grievances of Startups

F. No. 173/149/2019-ITA-I - (23/09/2019) - Grievances of Startups should be handled within the following time-frame:- i) In case of any grievance, the preliminary Action Taken Report is to be submitted to this office by the next day i.e. within one working day of calling of report by this office....

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Consolidated circular for Income Tax assessment of Startups

Circular No. 22/2019-Income Tax - (30/08/2019) - In case of Startup companies recognized by Department for Promotion of Industry and Internal Trade (DPIIT) which have filed Form No. 2 and whose cases are under limited scrutiny on the single issue of applicability of section 56(2)(viib) of the Income-tax Act, 1961 (the Act),the contention of the as...

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Recent Posts in "Startup India"

104 startups on boarded on Startup India Showcase Platform

Startup India Showcase is an online discovery platform for the most promising startups of the country. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. Ecosystem stakeholders have evaluated, nurtured, and supported these startups.  These startups ...

Read More
Posted Under: Corporate Law |

Initiatives under “Make in India” and “Startup” Programmes

Ministry of Commerce & Industry Initiatives under “Make in India” and “Startup” Programmes; Make in India initiative focuses on 27 sectors under Make in India 2.0. ‘Startup India’ initiative generates more than 26000 employment in Tamil Nadu in three years Posted On: 23 JUL 2021 5:04PM by PIB Delhi ‘Make in India’ ...

Read More
Posted Under: Corporate Law |

Know about Start-Up

Know about Start-Up Start-up India has gained momentum since it was announced by Government of India in the year 2016. The initiative was focused on the growth of start-up business and to encourage innovation and design. Conditions for an eligible Start-up  Registered up to 10 years from the date of incorporation Is a private limited [&h...

Read More
Posted Under: Corporate Law |

Important Registrations & Licenses for Setting Up of Startup

A startup means a company that is still in the early stages of its business. A startup is a young company that has just started. Startups are usually small and are initially funded and managed by a handful of founders or a single person. These companies offer products or services that are currently not offered […]...

Read More
Posted Under: Corporate Law |

Startup India Seed Fund Scheme (SISFS)

STARTUP INDIA SEED FUND SCHEME (SISFS) OPERATIVE FROM 01ST JULY, 2021 AIM: The scheme aims to provide startups with financial assistance at their early stages such as proof of concept, prototyping, product trials, market entry and commercialization. Eligibility: A startup, recognized by DPIIT(Department for Promotion of Industry and Inter...

Read More
Posted Under: Corporate Law |

How to Startup Business under Proprietorship form of entity

Entrepreneurs are often confused on selecting the best form of the legal entity for their Startup Ventures. In this series, we will discuss in detail with the various forms of Structure with its benefits / limitations which will help Entrepreneurs in deciding for their startup legal form. In India, Entrepreneurs can conduct business in va...

Read More
Posted Under: Corporate Law |

IPR & IP Management by Corporates & Startups

What are intellectual property rights? Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. The most well-known types are copyrights, patents, trademarks, and trade secr...

Read More
Posted Under: Corporate Law |

A Brief Coverage of Startup’s In India

About Startup Startup India is a flagship initiative of the Government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Since the launch of the initiative on 16th January, 2016, Startup India has rolled out several programs with the objective of suppor...

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Posted Under: Corporate Law |

Number of startups recognized by DPIIT goes up to Fifty Thousand

Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal Department for the Startup initiative. As on June 3, 2021, 50,000 startups across have been recognized as startups by DPIIT, of which 19,896 have been recognized since April 1, 2020....

Read More
Posted Under: Corporate Law |

Comparison of Benefits of Incorporating a Company in India and in USA

Benefits of incorporating a Company in the USA:  1. Every state in the US is governed by its state laws and regulations which vastly differ from one another. 2. Delaware, Wyoming, and Nevada, in particular, provide the most complimenting business and taxation laws which makes it mainstream for companies to incorporate. Benefits of incorp...

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Posted Under: Corporate Law |

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